Karachi, March 15, 2025 – The SITE Association of Industry has called on the Federal Board of Revenue (FBR) to extend the deadline for filing monthly sales tax returns, citing severe technical challenges faced by taxpayers using the FBR’s online IRIS system.
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Stay updated on taxation news, tax laws, FBR policies, compliance, audits, income tax, sales tax, and fiscal developments in Pakistan.
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PM Shehbaz Confident of Resolving Rs 400 Billion Tax Cases
ISLAMABAD: Prime Minister Shehbaz Sharif has expressed strong optimism regarding the resolution of pending tax cases worth Rs 400 billion, citing a recent Sindh High Court ruling that granted a significant relief of Rs 23 billion to the government. He emphasized that these legal victories would contribute to strengthening Pakistan’s financial stability.
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Punjab Cracks Down on Property Tax Defaulters
The Punjab Excise & Taxation Department has intensified its efforts to recover outstanding property taxes by launching a large-scale crackdown on defaulters.
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KTBA Flags Glitches and Anomalies in IRIS Portal
Karachi, March 14, 2025 – The Karachi Tax Bar Association (KTBA) has raised concerns over persistent glitches and anomalies affecting the Federal Board of Revenue’s (FBR) IRIS portal.
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Will Pakistan Achieve Its FY25 Tax Collection Target?
The Federal Board of Revenue (FBR) is facing a significant shortfall in meeting its tax collection target for the fiscal year 2024-25.
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P@SHA Seeks Decade-Long Expansion of Final Tax Regime
The Pakistan Software Houses Association (P@SHA) has called on the government to reinstate a 10-year tax exemption under the Final Tax Regime (FTR) for IT and IT-enabled services (ITeS) exports.
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FBR Sets Guidelines for Admin Pool Officer Posting
Islamabad, March 13, 2025 – The Federal Board of Revenue (FBR) has officially laid out the criteria for placing officers in the Admin Pool, ensuring a structured approach to such assignments.
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RTO-I Karachi Arrests Mastermind in Rs 4.2 Billion Sales Tax Fraud
Karachi, March 13, 2025 – The Regional Tax Office (RTO-I) Karachi has achieved a major breakthrough by arresting the mastermind behind a Rs 4.2 billion sales tax fraud.
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Pakistan Reaches 6.51 Million Active Taxpayers for First Time
Islamabad, March 13, 2025 – Pakistan has reached a historic milestone by recording 6.51 million Active Taxpayers, the highest number in the country’s history.
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Illegal Economy Costs Pakistan $100 Billion Every Year: Report
Islamabad – Pakistan is facing an alarming economic challenge, losing approximately $100 billion annually due to illegal economic activities such as tax evasion, smuggling, and counterfeiting, according to a newly launched study.
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